Tag Archives: Louisiana

How to Buy Your First Home, the Easy Way!

Buying your first home can be intimidating. But we have prepared a special report to arm you with the knowledge that will make the process quick and easy!

Our report will reveal hidden secrets that will have you firing away with all the right questions. You’ll know what to ask, when to ask it and best of all, how to close out the purchase and move in!

The information in this report will truly bring to light how easy it can be to move into the home of your dreams! So stop handing your landlord the rent check and start investing in a home of your own. Our free report will show you how!

For free recorded information and your FREE report, call 1-800-894-0517 and enter Ext. #3008 anytime 24 hours a day. Do it today and soon you’ll be living in the perfect home that’s just right for you.

If you would like your report e-mailed to you, visit our Contact Page here and let us know. We will send one right out to you!

Why You Should Use Janet Anderson & Co. to Purchase a New-Construction Home

The advantages of having us help you purchase a new home are the same as those for purchasing a resale home. We can provide you with valuable insight into the new construction industry, help you find the perfect home quickly, and then provide you with expertise in contract writing, negotiation, and closing assistance. The builder has a professional real estate representative who watches out for his or her best interests, and you need and deserve the same expert representation watching out for yours.

Buying a new home is a little more difficult and time-consuming than buying a resale home. We can professionally guide you through this process. Having spent years working with builders, Janet Anderson & Company has a rapport with them and a database of information about subdivisions, floor plans, etc. We are also very familiar with new home warranties and the nuances of the builder’s purchase contracts and various home inspections.

It is very important that your interests be professionally represented when you are entering into a contract for a semi-custom or a build-to-suit home. These transactions are complex and the contract details must be exactly in order to protect you and to ensure that you get exactly the home you want!

And when it comes to the home inspection, we will explain to you why it is essential to hire an independent home inspector to thoroughly inspect a newly constructed home.

Are there any advantages to not using an agent to purchase a new home?

There is no financial advantage for you to buy directly from the builder. Builders have a “single price” policy, meaning that you will be charged the same price whether your interests are represented by an agent or not. Just as in any resale, the seller pays your agent’s fee. Most builders will make you give up your right to representation if you visit their model homes without an agent on the first visit. Therefore, please call us if you would like to look at some model homes, so you are given the representation you deserve!

Before You Buy, Get Pre-Approved

It is extremely important that you connect with a qualified lender. We can recommend lenders who have earned our trust and with whom we’ve had good experiences in the past. The lender will review your financial position to determine the price most suited to your ability to pay and your comfort level.

The pre-approval process will help you in the following ways:

• You will know in advance what your payments will be.

• You won’t waste time considering homes you cannot afford.

• You can select the best loan package without being under pressure. There are many options and programs to choose from in today’s market. Your lender will explain the alternatives to help you select the one best suited for you.

• Sellers will find your offer to purchase more favorable if they know in advance of your ability to secure financing. This will make your offer more competitive if you are in competition with other offers. Nowadays, most listing agents require a pre-approval letter to accompany all purchase agreements.

• You’ll have an estimate of your closing costs and we will explain them to you in detail.

• You’ll have peace of mind.

Tips for Merging Two Households

First time home buyers may find themselves with the tricky task of combining all of the household items accumulated through the years of being on their own. Here are a few tips to keep your special items, decide what goes, and maintain your relationship once the dust settles!

Reposted from ApartmentTherapy.com

• Talk: Seems simple, but it’s seriously overlooked. Make sure you’re on the same page about your expectations. You’ll need to know what each other are planning on bringing — especially the big stuff such as furniture.

• Plan: Make a plan. Sit down together and figure out a layout for each room (communal areas for roommates, each room for significant others). If you figure out where things will be placed ahead of time, it will save a lot of arguing and headaches. It’ll also help save your wallet because you might not run out to purchase something if you know you already have a full room.

• Expect the Unexpected: You may be surprised by the extensive troll collection your significant other had tucked away before you decided to move in together. That new built-in shelving in the living room seems like the perfect place to them. Know how to roll with the punches and handle the situation accordingly.

• Compromise: There will be the few things that you will not see eye-to-eye on and that’s okay.

• Mix & Match: Maybe your roommate moved in with some really great curtains, but you have a set as well. Switch them out periodically to let each voice be heard in the communal spaces! This also works really well for throw pillows and blankets — just throw them all on the couch and see what works and what doesn’t.

What advice do you have for merging two households?

Reasons Why You're Crazy Not to Buy

• Property taxes and qualified home interest are deductible on an individual’s federal income tax return.

• Many times, a home is the largest asset an individual has and is considered one of the safest investments available.

• A homeowner can exclude up to $500,000 of capital gain if married filing jointly or up to $250,000 if single or married filing separately. The home must have been the taxpayer’s principal residence for the previous two years.

• A portion of each amortized mortgage payment goes toward the principal, which is an investment.

• A home is one of the few investments you can enjoy by living in it!

• The majority of the time, a REALTOR® can show you any home, whether it is listed with a company or a builder or is even a For Sale By Owner.

• Working with a REALTOR to purchase a For Sale By Owner property is very advantageous, because someone will be looking out for your best interests.

• A real estate professional who can provide you financial information with a computer will give you a distinct advantage in making the right decisions.

• A pre-approved program will actually approve you for a specific loan amount subject to the property.

• Your real estate professional can provide you with a list of items that you’ll need to make a loan application, so you’ll be ready when the time comes.

• The right to conduct a property inspection, included in your purchase agreement, gives you the ability to negotiate with the seller once you know all the facts about the property’s condition.

• A Home Protection Plan can provide coverage for selected items, such as central heat and interior plumbing, built-in appliances, water heaters, etc. If the seller is not providing this coverage, you can purchase it yourself.

• Ask your real estate professional if he or she is familiar with the neighborhoods you want to live in. Ask how many homes he or she has sold in those areas in the past year.

• Working with a REALTOR who has an office “team” helps assure the buyer that the transaction will be handled smoothly.

• In a “seller’s market,” don’t go looking for a deal. Set your sights on the right house for you, and then let your REALTOR help you negotiate the best price and terms.

10 Things to Check Before You Buy a Home

Reposted from ApartmentTherapy.com – 10 Things to Check Before You Buy a Home

We’ve learned the hard way that there’s some very important things that should be checked before signing the papers to buy a new home. Sure you can have someone do an inspection and look over the place to make sure you’re termite and flood damage free, but these things fall into a different category — the immediate honey-do list!

Even though there will always be cosmetic changes to make to a new home, trying to avoid costly repairs upon first moving in is always a bonus. Being able to save that money for the dining table of your dreams, or even just for gas and groceries can be extra beneficial. Here’s a few things we suggest checking before you sign the papers and inherit all of the previous tenants past problems.

1. Check The Drains: This might sound silly, but we’ve had two homes with the same issues in the last several years. Somewhere between the house and the sewer line, there’s a backup. Usually tree branches or a collapsed pipe, but either way, it’s hard to spot unless you run a load of laundry, fill up the tub and sinks and let them all attempt to drain at the same time.

2. Open All The Windows: Replacing windows isn’t fun and it isn’t cheap either. Open them all to find out if they stick, are stuck or just plain old won’t open.

3. Turn On All The Faucets: Although changing out faucets isn’t exactly rocket science it’s always a pain to lay under a cabinet and reach for the sky with funny tools to get things removed. Just check to make sure they all work before buying to eliminate the back ache.

4. Light A Fire In The Fireplace: Even though chimneys are usually installed by professionals, that doesn’t mean they’re always in pristine shape. Cleaning them is as simple as a phone call to a local chimney sweep, but finding out if all the fireplaces in the home draft correctly is another.

5. Taste The Water: This lesson is always learned the hard way. Even if your city has great water, your pipes might be old enough that they’ll send a little extra something out of the tap and into your glass. Knowing up front if you’ll need to install a whole house filter or invest in a few Brita pitchers is always helpful.

6. Flush The Toilets: Knowing that all the toilets in the home can handle toilet paper is a bonus. Although they’re easy enough to replace or fix, finding ones that flush well are a bonus. If you’re dissatisfied they could issue you money back to make the replacement in order to get you to sign on the dotted line!

7. Open The Electrical Panel: A clean and labeled panel is a happy panel. Something that looks like squirrels got up inside can signal trouble. Look for loose wires or ones that simply don’t connect to anything. It could signal that there’s live wires inside the walls!

8. Turn On The Heat/Air: Knowing that both of these things work prior to actually needing them can be a serious bonus. Check to make sure they blow their respective temperatures in addition to just turning on.

9. Pull The Carpet Back: Before you move in, you’ll want to find out if there’s hardwood floors and also any mold or mildew under the carpets. Look for the lowest side of the room and if possible pull a corner back. Many homeowners will have a section of carpet removed in a closet to allow you to see the condition of the floors below.

10. Moisture: Although most home inspectors will sniff this one out for you, look for signs of dampness. Even if the walls aren’t apparently wet, look for things like dehumidifiers, bucks of silica or other things that grab moisture from the air and keep it at bay. If the home owners are smart enough to move these things, look for places near outlets that look clean (or leave a dust ring) where something like this might have sat.

Do you have one to add to the list? Share your tip (and story behind it) in the comments below!

The Impact of Over-Pricing

•   Serious buyers look in the price range determined by their down payment and monthly payment ability. Unless your property is priced correctly, the down payment and monthly payment requirements will not be competitive.

•   A buyer who is seriously looking will soon become very knowledgeable in his or her price range. An unreasonable asking price only discourages the buyer from looking at and considering your property.

•   Buyers purchase by comparison and a property that is priced above the competition does not compare favorably. Inviting a buyer to make an offer can indicate that a fair price has not been established.

•   If you plan to adjust your price at the time of sale, it is better to adjust the price now and attract serious buyers from the beginning. This often places you in the favorable position of having more than one buyer interested in your property.

•   It is very difficult to obtain a reasonable offer on an overpriced property. The buyer feels he or she should be just as unreasonable as the seller, and so a very low offer, if any, will be written.

•   By contrast, multiple offers are much easier to obtain on a reasonably priced property. You can then choose which offer to accept, with no obligation to one that does not meet your requirements.

•   It is a mistake to believe that you will get more for a property by asking more. You usually get less because fewer buyers will consider it when it is placed on the market. The right buyers will not see it. The property usually stays on the market so long that it tends to become shopworn.

•   To obtain proper market exposure, it is an absolute necessity to be competitive in price, terms, and condition with similar properties so yours will sell faster. You will also have greater peace of mind and less frustration with selling your property.

Foreclosure vs. Bankruptcy: Which One Hurts Most?

Foreclosure reduces the value of a home by 27 percent on average, according to a new study from Harvard University and the Massachusetts Institute of Technology.

Other kinds of forced sales have less dramatic impacts, the study found.

An estate sale after an owner’s death reduces the price of the home by only 5 percent to 7 percent. A bankruptcy filing cuts the value by an average 3 percent.

Foreclosure discounts are especially large in neighborhoods that are low-priced already, researchers point out, apparently because of concerns over vandalism.

Source: The Wall Street Journal, Nick Timiraos (07/26/2010)

If you or someone you know is facing foreclosure, contact Janet Anderson & Company today. 225-368-3237

For more information on the short sale process and other foreclosure avoidance strategies, visit our website at www.batonrougeforeclosurehelpnow.com

Avoid Foreclosure with Short Sales

A short sale can be an excellent solution for homeowners who need to sell, and who owe more on their homes than they are worth. In the past, it was rare for a bank or lender to accept a short sale. Today, however, due to overwhelming market changes, banks and lenders have become much more negotiable when it comes to these transactions. Recent changes in corporate policy and the Obama administration have also improved the chances of getting a short sale approved.

But to be technical, here’s a more official definition:

* A homeowner is ‘short’ when the amount owed on his/her property is higher than current market value.
* A short sale occurs when a negotiation is entered into with the homeowner’s mortgage company (or companies) to accept less than the full balance of the loan at closing. A buyer closes on the property, and the property is then ‘sold short’ of the total value of the mortgage.

For homeowners to qualify for a short sale, they must fall into any or all of the following circumstances:

* Financial Hardship – There is a situation causing you to have trouble affording your mortgage.
* Monthly Income Shortfall – In other words: “You have more month than money.” A lender will want to see that you cannot afford, or soon will not be able to afford your mortgage.
* Insolvency – The lender will want to see that you do not have significant liquid assets that would allow you to pay down your mortgage.

This seems simple enough, but it is a complicated process that takes the expertise of experienced professionals. I hold the CDPE® Designation and am ready to identify all possible options and, when possible, assist in the quick execution of a short sale transaction.

If you have questions or feel you may qualify for a short sale, please contact me for a free consultation.

Understanding your options now could mean all the difference in the world.

For more information on foreclosure solutions visit our website at www.batonrougeforeclosurehelpnow.com

6 Tips to Keep Cool While Upgrading Your Home

Since we have been posting so many articles about updating your home, this post is here to remind you to take proper precautions to keep your health (and your sanity) intact. In this blistering summer heat, it is very important to be cautious and avoid heat stroke and dehydration. Here’s 5 tips to keep your cool when the work must go on!

1. Hydrate Before, During & After: Before you begin your work, make sure you’ve downed adequate fluids. We’re talking the night before, the morning of and during any project you’ll be undertaking. Your body sweats to cool off and if you’re dehydrated it can make things even toastier! Don’t forget to keep drinking after the job is done, preferably more water than alcohol.

2. Wear Breathable Clothing: Yes you can bust out the sleeveless shirts, but make sure you actually wear one. Your clothing helps wick the sweat away from your body, allowing the air to blow through it and keep you cool. By forgoing clothing you’re actually doing yourself a disservice, even if it means you’ll have a funny tan line later.

3. Fans & Ice: Even if you don’t have the ability to turn on the air conditioning or an attic fan, moving any air can make a difference (even if it’s not cool). Try buying blocks of ice and setting them in front of your fan in a plastic tray or serving dish and let the fan blow over the top. It won’t make your space a meat locker, but it will turn things down by 5 degrees, usually.

4. Take Breaks: Although it can feel like you’re prolonging to time spent being sweaty, taking a few breaks to have a snack or refreshing beverage can help keep your body out of the danger zone before you spontaneously combust!

5. Change of Clothes: Even though we mentioned above that clothes play an important role in keeping your cool, once they’re fully soaked, they don’t hold the ability to continue wicking water. They might to some small degree, but not as efficiently as you need them to. A quick change will do you good and prevent chafing (gross, but true!).

6. Work Early & Late: Try working early, before the sun is in full force and take a nap during the hottest hours of the afternoon heat. Once you’ve rested and the sun has gone done, you can resume work. It’s easier to work ridiculously early or late if given the chance to help keep the temperatures down.

Do you have a heat-busting tip? Let us know below!